Which of the Following Is Not a Reason Why Many

question 49

Multiple Choice

Which of the following is not a reason why many unions merged?

• A) to end costly jurisdictional disputes between unions
• B) to gain more financial strength
• C) to cover industries and occupations previously underrepresented
• D) to increase efficiency in union-organizing efforts
• E) to support the move toward global expansion

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Definitions:

Price Elasticity

A measure of how much the demand for a product or service changes in response to a change in its price, indicating its sensitivity or responsiveness.

Arc Elasticity

A measure of a variable's sensitivity or responsiveness to changes in another variable, calculated over a specific range or 'arc'.

Price of Oranges

The cost at which oranges are sold or bought in the market.

Inelastic

Describes demand that is not very sensitive to changes in price, meaning that quantity demanded changes little when prices change.